Whitney Tilson: Hot favourites won't always turn out to be great winners

Whitney TilsonThis is Whitney Tilson's latest article on FT's Inside Curve column. Here is Tilson's points :

  • Perfect foresight is impossible in the complicated and dynamic world of investing. Even the best investors typically turn out to be wrong.
  • Never underestimate the competition.
  • Valuation matters.
    • That’s something to remember every time you buy a stock, especially if you’re betting on “sweeping trends”.
  • Buy-and-hold isn’t what it used to be.
Direct Link - Whitney Tilson: Hot favourites won’t always turn out to be great winners.

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